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Just seen this and its another cash call on the cards together with the new chairman who will also invest £500k .RNS Tuesday.
https://www.coastfm.co.uk/news/business/london-listed-cannabis-group-kanabo-to-raise-cash
Your local Avon salesperson has more chance of bringing in more than £31K revenue for the year with hardly any cash burn .
https://news.sky.com/story/medicinal-cannabis-safe-and-effective-pain-relief-method-for-cancer-patients-study-suggests-12871756
https://www.independent.co.uk/news/health/medicinal-cannabis-cancer-pain-drugs-study-b2331032.html
https://www.bbc.co.uk/news/health-65461319
Significant revenue increase showing signs that this is nicely coming together despite an expected increased operational costs loss and they express short to medium term further gains. When they finally gain the CE marking then expect further increase in revenues across the EU. Still have cash in the bank so hopefully no need for near term dilution but lets hope the market likes it
https://www.politics.co.uk/parliament/mundell-outlines-the-benefits-medicinal-cannabis-could-have-on-the-economy/
MP gives a good account to the benefits of medical cannabis
This is worth a read and also highlights the increasing media coverage
https://volteface.me/uk-medical-cannabis-legal-industry-growing/
Looks like these stories are coming more frequently in the news so I expect the government to be taking more notice now.
https://news.sky.com/story/families-urge-government-to-fund-medical-cannabis-research-12852410
Well on the website he still maintained his share options so the rewards for what ever he's done should come later
He's probably been under pressure from Sunak as his name always comes up when there's an argument about MPs having second incomes.
The MMs are collecting all the shares for when they decide to move this back up. The crazy spread is their way of manipulating the price and keeping you guessing but in sum way I feel that we are very close to a bull market even though the price may say something different.Theres not been a lack of encouraging news it just that the rewards will be delayed.
This could be good news for Kanabo with their new products in development as they may qualify for the governments extra financial support to small UK based life science/drug development companies as stated in the budget.
NHS requirements for being prescribed medicinal cannabis is currently when a patient has had 2 failed prescriptions to treat pain etc and taking into account that these GPs are trained in cannabis administration and also have access to a patients medical history then i cant see there being a problem.
As they have unexpectedly announced this new service then I would expect the CE mark process must be on track to support this news.
Yes there's a possibility of another raise but I would expect that when the price has recovered a lot more
On the box today https://news.sky.com/story/rise-in-people-using-cannabis-to-treat-health-conditions-but-doctors-warn-patients-are-putting-themselves-at-risk-12828381
Looks like Elon Musk is allowing Cannabis advertising on twitter
https://www.firstpost.com/world/twitter-becomes-the-first-social-media-company-in-the-us-to-allow-cannabis-ads-12165872.html